Next Fed Meeting On Interest Rates 2024. Frankfurt — the european central bank on thursday is set to slash rates again by 25 basis points just days ahead of the u.s. The federal reserve announced at its july federal open market committee (fomc) meeting that it will keep its benchmark interest rate unchanged at 5.25% to 5.5%.

This pause follows aggressive rate hikes dating back to. Mortgage rates if the fed cuts interest rates.